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Teekay Corporation (TK)

NYSE - NYSE Delayed Price. Currency in USD
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2.3600-0.1400 (-5.60%)
At close: 4:00PM EDT
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  • R
    R
    This slow share price decay is what happens when there aren't enough shares being traded..... there basically isn't that much market interest in the companies...... JMO, but it's time for TK to sell 40%+ of their TGP holdings, pay down their own (TK) debt, and leave. The partnership structure the the income strategy being used by TK is hurting not only TK but also TGP & TNK. As has been said, "Either lead, follow, or get the hell out of the way!"
  • M
    Mark
    Making some real progress last few quarters. Just need to pay down the $300M debt at TK parent which is too much considering it is just mostly a holding company. The thing I don’t get is that the financial statements say interest expense is $10M per quarter for $300M of debt. That equates to 13%?
  • C
    Chris
    STRONG BUY & HOLD :))))
  • e
    ewq
    Nice results
  • A
    Andrew
    $NAT conversation
    Relevant for the whole industry

    "Nikolas Tsakos expects tanker recovery for second half of 2020

    Greek owner Nikolas Tsakos predicts VLCC earnings could rise to as much as $60,000 per day by the fourth quarter"

    https://www.tradewindsnews.com/tankers/nikolas-tsakos-expects-tanker-recovery-for-second-half-of-2020/2-1-844289

    $NAT $DHT $TNK $TK $EURN $FRO $STNG
    Greek owner Nikolas Tsakos predicts VLCC earnings could rise to as much as $60,000 per day by the fourth quarter
    Greek owner Nikolas Tsakos predicts VLCC earnings could rise to as much as $60,000 per day by the fourth quarter
    www.tradewindsnews.com
  • A
    Andrew
    $NAT conversation
    Scorpio Tankers Inc. Announces Purchase of Common Shares by Scorpio Services Holding Limited and Call Options by President of the Company
    Email Print Friendly Share
    July 14, 2020 18:51 ET | Source: Scorpio Tankers Inc.
    MONACO, July 14, 2020 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced that Scorpio Services Holdings Limited (“SSH”), a related party, has purchased 100,000 common shares of the Company in the open market at an average price of $12.83 per share.

    Company buy-back. EURN first, then STNG... just show how firmly they believe in the industry. Who's next? Maybe NAT?

    $NAT $EURN $DHT $STNG $TNP $TK
  • R
    R
    This company needs to be taken out back and finished off.
  • J
    Jeremy
    what happened today to cause this?
  • t
    terr
    TK's economic interest in TGP increased from 34% to approximately ~42%. Importantly, this increases TK's free cash flows by almost $11M per annum based on the current TGP distribution level
  • t
    terr
    Very bullish SA article

    Teekay Corporation Has Substantial Multibagger Potential https://seekingalpha.com/article/4358075-teekay-corporation-substantial-multibagger-potential
    Teekay's share price is just $2.09, more than 30% lower compared to when it announced Q1 2020 results (arguably the company is in its strongest financial position in years).
    Teekay's share price is just $2.09, more than 30% lower compared to when it announced Q1 2020 results (arguably the company is in its strongest financial position in years).
    seekingalpha.com
  • S
    Stas
    And great reaction to the results!!! Just wait till the results won’t be so strong! Stock will be below a buck real fast!!! What a beautiful trap here for the long holders huh???
  • J
    Jose Vicente
    Great earning results!
  • S
    Stas
    1s will be next. On the next/upcoming market pull back. Easy short here still. Cheers!
  • 2
    2Invest
    this is done, i am out
  • s
    see2see
    The catalysts for further stock prices increases are now in place. TK received downgrades when the sanctions on the daughter company TGP was caught up in sanctions on its joint venture. That is resolved, and I expect upgrades to be coming forth very soon.

    Next comes the previously planned investor day and its planned announcements, which was scuttled by the news of the sanctions. It is now to go forward as soon as arrangements can be made.

    There would seem to be quite a bit of money still on the table with this company. I think it will get back into the seven handle area within a few weeks.

    "Falling rates" is hitting the headlines, but that is somewhat misleading. They were astronomically high, and now are just generationally high, and have very little chance of dropping back to the depressed rates seen recently even if COSCO sanctions are lifted, which is not expected. The joint venture getting out from sanctions has only six ships carrying natural gas on specialized ice breaker tankers , and has nothing to do with oil tankers.

    The force is strong with this one! Go forth and make some coin!
  • m
    martin
    Just their stake in TGP should have shares much higher...now at 52-wk lows. How much lower can TK shares slide?
  • D
    Dean
    TK share price will benefit from the recent spurt in oil price resulting from increased tensions in the Middle East. TK still owns three FPSOs with tariffs linked to oil price. Also, tax-loss selling has abated, which should allow the share price to regain some ground. I am optimistic that with TK's ownership of roughly one third of outstanding TGP shares, combined with TK's general partner interest and IDRs, TK is in a position to benefit from strong and rising cash flow its daughter, TGP. With its LNG ships fully contracted with average contract duration of 12 years, TGP should be able to refinance debt on favorable terms, which should further grow free cash flow in coming months and years.
  • G
    GM
    $DHT conversation
    Tanker stocks suffering from concerns over future inventory drawdown and the oil rises = sell tankers algorithm. New report from Webber Research highlights a longer-term investment thesis: tankers stocks as coronavirus relapse hedge. See new FW article on the report. $FRO $EURN $DHT $INSW $NAT $STNG $ASC $TNK $TK $TNP $XOM https://www.freightwaves.com/news/tanker-stocks-could-emerge-as-covid-19-relapse-hedge
    Shipping analyst Michael Webber sees tanker-stock upside if coronavirus recovery falters.
    Shipping analyst Michael Webber sees tanker-stock upside if coronavirus recovery falters.
    www.freightwaves.com
  • R
    Ram
    DHT Holdings, Inc.
    Crude tanker rates jump as more oil output 'fantastic news' https://seekingalpha.com/news/3549876?source=ansh $FRO, $NAT, $NNA, $NM, $NMM, $TNK, $TNP, $TK, $DSSI, $ASC, $SFL, $DHT, $EURN, $INSW, $GNK, $SB, $SBLK, $STNG, $SEA, $BDRY
    Benchmark Middle East-to-China tankers surged 12% to WS 54.58, the highest since Jan. 30 and equating to dayrates of $38,694, up 28% from Friday, Bloomberg reports, citing Baltic Exchange data.Other m
    Benchmark Middle East-to-China tankers surged 12% to WS 54.58, the highest since Jan. 30 and equating to dayrates of $38,694, up 28% from Friday, Bloomberg reports, citing Baltic Exchange data.Other m
    seekingalpha.com
  • C
    Curly
    Why does management think they can sell shares for $9.75? If they go ahead with the offer, why would anyone pay $9.75/share when they can buy all the shares they want for only $8.20 today? Maybe I'm missing something, but it seems that TK will have to lower the price to $8.20...which will create another price drop. I don't know what these people are up to at TK, but it seems that this stock is gone have to drop some more to compensate for the risk that this share offering is causing.